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Jan 21, 2013
01/13
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moving forward in tackling debt and deficits, he did talk about tax reform. talk about slowing the growth of these expenses, but still no change in his governing philosophy, if not impassioned defense of his governing philosophy. we have heard from democrats and republicans not throughout the day calling for bipartisanship, calling for working together to solve our problems. this is inauguration day, much like election day after all the votes are tallied and everyone has a mullen of togetherness, showing a willingness to work together. you still have a very divided washington and washington that is trying to wade through these problems with two very different gun and philosophies, two very different ideas on how to achieve success. lori: the president digging in. you mentioned the philosophy. this proposal being floated about. >> right. this is at three day proposal. three months proposal. excuse me. republicans will vote on it in a few days in the house. it has not gone completely shut down, so we may get at three month extension of the debt ceiling. extendi
moving forward in tackling debt and deficits, he did talk about tax reform. talk about slowing the growth of these expenses, but still no change in his governing philosophy, if not impassioned defense of his governing philosophy. we have heard from democrats and republicans not throughout the day calling for bipartisanship, calling for working together to solve our problems. this is inauguration day, much like election day after all the votes are tallied and everyone has a mullen of...
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Jan 20, 2013
01/13
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you're going to need more revenues as well as more cuts to get the deficit down. and i've talked to leader reid. i've talked to budget chair murray. we're going to do a budget this year. and it's going to have revenues in it. and our republican colleagues better get used to that fact. >> senator cruz? >> david, i'll mention there was an area of substantial agreement with what chuck just said. he said we should never, ever compromise the full faith and credit of the united states. i agree. and in fact, there is a bill that i am co-sponsoring, the full faith and credit act, which provides that, regardless of what happens to the debt ceiling, the united states will always, always, always meet its debt. we will never default on its debt. that was introduced in 2010. it didn't pass because harry reid and president obama didn't want it to pass. they wanted to raise the specter of a default to use. so, chuck, you and i could make news right now on national television, would you agree to support the full faith and credit act and take the possibility of a default off the t
you're going to need more revenues as well as more cuts to get the deficit down. and i've talked to leader reid. i've talked to budget chair murray. we're going to do a budget this year. and it's going to have revenues in it. and our republican colleagues better get used to that fact. >> senator cruz? >> david, i'll mention there was an area of substantial agreement with what chuck just said. he said we should never, ever compromise the full faith and credit of the united states. i...
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Jan 15, 2013
01/13
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bush was -- >> i thought their one idea, david, was cutting the deficit. >> that's -- they say that's the case, but it really is they want to just talk about spending cuts as if that is going to help the economy. and any mainstream economist now tells you that you may have to do that in some ways for long-term deficit implications but that's not good in the short run. even simpson/bowles say don't cut so fast. >> and just to be clear, it's not at all clear that they actually have coherent plans for anything they're suggesting. they have sort of hand waving spending cuts, entitlement reform without really writing down a specific path to get there. >> incredible. david corn and jared bernstein, gentlemen, thank you so much. stay with us. we'll be right back. what do we want to build next ? that's the question. every day. when you have the most advanced tools, you want to make something with them. something that helps. helps safeguard our shores. helps someone see through a wall of fire. helps those nowhere near the right doctor stand a chance. ... feeling in the extremities ? no. techno
bush was -- >> i thought their one idea, david, was cutting the deficit. >> that's -- they say that's the case, but it really is they want to just talk about spending cuts as if that is going to help the economy. and any mainstream economist now tells you that you may have to do that in some ways for long-term deficit implications but that's not good in the short run. even simpson/bowles say don't cut so fast. >> and just to be clear, it's not at all clear that they actually...
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Jan 21, 2013
01/13
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the debt, deficit, entitlement reform. immigration, foreign policy problems tend to be incredibly important in second terms as presidents realize, while they become lame ducks that advancing domestic agenda legislation is very difficult. we'll see the president likely travel more and deal with much of his international legacy. trying to wrap up his second term as best he can with so much unfinished foreign policy business he inhurted from bush administration. buckle up, jeff. not with standing the poet's kind words and the president's lofty rhetoric, washington tomorrow goes back into the being the political crawl city it has been in past years and likely to escalate more so. happy day, shep. shepard: happy day. at least we have today and men and women from both political parties, from the far right, far left and all of those in the middle, they're about to sit down for some individual tils. happy they are all are, dvittles. secretary lew and the rest for new cabinet sick tears all with fights ahead. we seen former preside
the debt, deficit, entitlement reform. immigration, foreign policy problems tend to be incredibly important in second terms as presidents realize, while they become lame ducks that advancing domestic agenda legislation is very difficult. we'll see the president likely travel more and deal with much of his international legacy. trying to wrap up his second term as best he can with so much unfinished foreign policy business he inhurted from bush administration. buckle up, jeff. not with standing...
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Jan 17, 2013
01/13
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that difference represents a deficit of $1.1 trillion. so you can see we are very close to being at a 60 year high in spending, and very close to being at a 60 year low in revenue. so i would say to those who say we just have a spending problem, i think you got that half right. i think we've also got a revenue problem. that needs to be addressed. let's go to the next slide if we can. the result of these deficits and debt is that we now have a gross debt that is more than 100% of our gross domestic product. you can see right in the middle of that graph, in 2012, the gross debt of the united states has now reached 104%. why does that matter? the best academic research, a book by rogoff of harvard, reinhard, the university of michigan i think she was when she did the study, look at 200 use of economic history. and concluded once you get a gross debt of more than 90% of your gross domestic product, your future economic prospects are dramatically reduced. future economic growth is reduced anywhere from 25 to 33%. so these are not just numbers
that difference represents a deficit of $1.1 trillion. so you can see we are very close to being at a 60 year high in spending, and very close to being at a 60 year low in revenue. so i would say to those who say we just have a spending problem, i think you got that half right. i think we've also got a revenue problem. that needs to be addressed. let's go to the next slide if we can. the result of these deficits and debt is that we now have a gross debt that is more than 100% of our gross...
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Jan 15, 2013
01/13
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CNNW
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he promised to pay down the deficit at least half in his first term. the first two years of his first term he had a democratic congress house and senate. he could have done anything he wanted. instead he put through an $800 billion stimulus bill and a $1.7 trillion obama care. if he wasn't going to address it then, when is he going to address it? he is essentially holding congress hostage right now and the american people with these scare tactics. >> okay, newt gingrich addressed this whole issue on "cbs this morning" and i'll read you what he said. "it isn't a smart fight for congressional republicans to pick, because in the end, it's a threat they can't sustain. no one is going to default, no one will allow the united states to not pay its bills, no one is going to accept the economic costs. it rallies the entire business community to the president's side." so even newt gingrich says this isn't a wise fight to pick. you may feel strongly about spending cuts but this isn't the right time to fight. >> when is the right time? when is the right time? bec
he promised to pay down the deficit at least half in his first term. the first two years of his first term he had a democratic congress house and senate. he could have done anything he wanted. instead he put through an $800 billion stimulus bill and a $1.7 trillion obama care. if he wasn't going to address it then, when is he going to address it? he is essentially holding congress hostage right now and the american people with these scare tactics. >> okay, newt gingrich addressed this...
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Jan 21, 2013
01/13
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CNNW
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you can't solve the financial deficit until they solve the trust deficit. maybe it's hopeful idealism. but maybe they made a small down payment today. >> i with us also thinking as i was watching the president review the troops, and you heard leon panetta talk about the first lady and jill biden and how much they have done for their troops and their families. but i'm willing thinking coming into this next phase, this is going to be a president that could have some difficult relationships with generals. he has always been concerned about the generals and not being overtaken by them. and he has spoken an awful lot about that as presidents have to make their own decisions, not be led too much by the generals. i think the nomination of chuck hagel is somebody who was a sergeant, whom he believes comes at the pentagon from the view of the bottom of the ladder, not at the top of the ladder. and so i think you're going to have some real issues. >> general stanley mcchrystal wrote about that actually in his new book. he talked about the deficit of trust they had ea
you can't solve the financial deficit until they solve the trust deficit. maybe it's hopeful idealism. but maybe they made a small down payment today. >> i with us also thinking as i was watching the president review the troops, and you heard leon panetta talk about the first lady and jill biden and how much they have done for their troops and their families. but i'm willing thinking coming into this next phase, this is going to be a president that could have some difficult relationships...
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Jan 13, 2013
01/13
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the tragic part of this is even with the savings, the deficit and accumulative federal debt-- instead of an act of heroism such as never has been seen on capitol hill before. >> neil: that part you're right. adam. >> i would state this differently. the cbo is playing math games, that's fine. cut 1%, this is what you get. what they're not playing is political games. i completely disagree with what charles said. these people are inherently as a group corrupt. i don't think that's fair. if you want to say they're not doing their jobs well, not making the tough political decisions, that's different from correct. and dagen hit the nail on the head. we support them in these things. we don't want them to cut these programs. we, the people. that's the political problem. >> although, adam, in the election process, we are-- they do make several promises to do the right thing. and when they go there, whether they are he' pressu're us, they don't do the right thing and hence the corruption. >> maybe my definition of corrupt-- that doesn't describe law breaking, things punishable by going to priso
the tragic part of this is even with the savings, the deficit and accumulative federal debt-- instead of an act of heroism such as never has been seen on capitol hill before. >> neil: that part you're right. adam. >> i would state this differently. the cbo is playing math games, that's fine. cut 1%, this is what you get. what they're not playing is political games. i completely disagree with what charles said. these people are inherently as a group corrupt. i don't think that's...
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Jan 19, 2013
01/13
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WUSA
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but as part of the deal senate democrats must agree on a budget that addresses long-term deficit reduction. if there's no agreement in three months, republicans propose that no one in congress gets paid. >>> and now we turn to our special presidential inauguration coverage. as washington prepares for two days of inaugural events we have the results of a new cbs/new york times poll. the pr begins his second term with a 51% approval rating. that's similar to what president bush had at the start of his second term. let's get more from white house senior correspondent bill plante who's about a mile from the white house. bill, good morning. >> reporter: good morning to you, rebecca. well as president obama's first term morphs into his second there's really no change to a jen da. but for the next couple of days a brief holiday from gridlock and a window for celebration. last-minute preparations are under way at the capitol where the president will take the oath of office and at the parade reviewing stand at the front of the white house. because the constitution says the presidential terms end at
but as part of the deal senate democrats must agree on a budget that addresses long-term deficit reduction. if there's no agreement in three months, republicans propose that no one in congress gets paid. >>> and now we turn to our special presidential inauguration coverage. as washington prepares for two days of inaugural events we have the results of a new cbs/new york times poll. the pr begins his second term with a 51% approval rating. that's similar to what president bush had at...
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Jan 21, 2013
01/13
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it's too big, the deficit to my commanding gauges the economy. melissa: they were you are. don't move. i want to talk to you about what kneele just brought up. the debt ceiling debacle and those comments from chuck schumer. all of that after the break. the staggering death toll in the algerian hostage crisis keeps rising. reports say more than 80 people were killed including three americans. now some question why the algerian government acted the way it did. we have details on the latest developments. more "money" coming up. don't go away. look, if you have copd like me, you know it can be hard to breathe, and how that feels. copd includes chronic bronchitis and emphysema. spiriva helps control my copd symptoms by keeping my airways open for 24 hours. plus, it reduces copd flare-ups. spiriva is the only once-daily inhaled copd maintenance treatment that does both. spiriva handihaler tiotropium bromide inhalation powder does not replace fast-acting inhalers for sudden symptoms. tell your doctor if you have kidney problems, glaucoma, trouble urinating, or an enlarged prostate
it's too big, the deficit to my commanding gauges the economy. melissa: they were you are. don't move. i want to talk to you about what kneele just brought up. the debt ceiling debacle and those comments from chuck schumer. all of that after the break. the staggering death toll in the algerian hostage crisis keeps rising. reports say more than 80 people were killed including three americans. now some question why the algerian government acted the way it did. we have details on the latest...
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Jan 21, 2013
01/13
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the deficit, spending just stop already and start talking to each other. that's why inaugurations, that's why this is so important because this is a chance to reset everything and put the focus on the public rather than on the election. >> so frank, what about the people who voted for mitt romney? what do they need to hear today from president obama in your opinion? >> they need a recognition that they matter. it's a fair question. there's a segment on both sides, republican and democrat that won't listen to the other. but for the vast majority of americans that are some place in the middle all they want is a president of the whole country. republican independent, democrat, left and right. all they are looking for is a vision for the future that shows respect for hard-working taxpayers, a commitment to get the deficit and debt in order. an effort to bring america together. >> frank lunts, thank you very much. james taylor will perform at today's ceremony. we'll ask why he's such a barack obama supporter. that's ahead on "cbs this morning." [ lane ] do you
the deficit, spending just stop already and start talking to each other. that's why inaugurations, that's why this is so important because this is a chance to reset everything and put the focus on the public rather than on the election. >> so frank, what about the people who voted for mitt romney? what do they need to hear today from president obama in your opinion? >> they need a recognition that they matter. it's a fair question. there's a segment on both sides, republican and...
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Jan 21, 2013
01/13
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he applauded on a lot of the lines of the deficit and the mention of newtown and other issues, but notably on immigration reform, he just sort of sat there while other members did applaud. whether or not you can read something into that, i am not sure, but it is definitely an opportunity for reaction on the other side. host: to all of these issues we have been addressing the last hour, i want to look at something your colleague wrote in "the washington post." "if the president can reach a broad deal that settles some of the disputes over entitlement spending and tax code and govgiving the government borrowing authority to last through much of the term, he can use that energy to forge a bipartisan, rise on these other big issues to." guest: that is a huge point. one point that ms. mcconnell, republican leader in the senate, has made over and over again is the reason they are using to get them as leverage is they feel the urgency of the issue, and one of the things he said in the past few weeks was that if obama does come to the table and helps to craft a big deal, both sides can agree to, h
he applauded on a lot of the lines of the deficit and the mention of newtown and other issues, but notably on immigration reform, he just sort of sat there while other members did applaud. whether or not you can read something into that, i am not sure, but it is definitely an opportunity for reaction on the other side. host: to all of these issues we have been addressing the last hour, i want to look at something your colleague wrote in "the washington post." "if the president...
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Jan 14, 2013
01/13
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the consensus is we need 4 trillion dollars to stabilize the debt, deficit. that means we need 1.5 trillion dollars more. the package i authorized to the speaker before the new year would achieve that. we were actually fairly close in terms of arriving at that number. so if the goal is to make sure we're being responsible about the debt and the deficit, it that if the conversation we're having, i am happy to have that conversation. by closing additional loopholes through tax reform, which the speaker has acknowledged can raise money in a sensible way, and by doing some additional cuts, including making sure we are reducing the health care spending, the main driver of the deficit, we can arrive at a package to get this thing done. i am happy to have that conversation. what i will not do is to have that that negotiation with a gun at the head of the american people, the threat that unless we get our way, unless you have medicare or medicaid or otherwise/things that the american people do not believe should be slashed that we will threatened to wreck the entire
the consensus is we need 4 trillion dollars to stabilize the debt, deficit. that means we need 1.5 trillion dollars more. the package i authorized to the speaker before the new year would achieve that. we were actually fairly close in terms of arriving at that number. so if the goal is to make sure we're being responsible about the debt and the deficit, it that if the conversation we're having, i am happy to have that conversation. by closing additional loopholes through tax reform, which the...
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Jan 16, 2013
01/13
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CNBC
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the deficit isn't the product of spending. the economic down turn has left americans making less money in terms of spending. >> we spend each year more than we brought in. >> spending and revenue. our revenue has decreased and american -- >> i got to go. >> i got to go. >> spending budgets they have gone up under president obama and have held at $3.5 billion each year. >> i got to go. we can continue it another time. >> but it is also economic growth which it self might be a function of taxes and spending. if this economy were growing, you would have a substantially lower budget deficit. gentlemen we will welcome you back another time. >> there is at least one state in the northeast that gets it. natural gas shale and it is pennsylvania and the republican governor tom corebet is about to join us. he picks up support from chuck schumer who didn't get an apology for the anti-israel statements. if we were growing at 5% instead of 2% we would be close to a balanced budget today. i'm kudlow we will be right back. at 1:45, the aflac
the deficit isn't the product of spending. the economic down turn has left americans making less money in terms of spending. >> we spend each year more than we brought in. >> spending and revenue. our revenue has decreased and american -- >> i got to go. >> i got to go. >> spending budgets they have gone up under president obama and have held at $3.5 billion each year. >> i got to go. we can continue it another time. >> but it is also economic growth...
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Jan 17, 2013
01/13
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in the morning former senators kent and jeff discuss the debt and deficit reduction. at 1:00 p.m. eastern the national immigration forum hold a news conference focusing on immigration legislation. speaker scheduled to include tom of the u.s. chamber of commerce and carlos. >>> he had been talking about this dream he had. he talked about it for years. the american dream then it become his dream. america will someday realize the principles and the decoration of independence. inhe was inspired by the moment. sunday on after wards he recalls the journey of the civil rights activist participating in the march on washington. part of three dais of booktv this weekend monday featuring authors and books on the inauguration, president obama, and martin luther king, jr. >>> now a look at the agenda for the security and exchange commission. fcc commissioner dan gallagher spoke at the u.s. chamber of commerce for an hour. [inaudible conversations] [inaudible conversations] good afternoon. thank you for joining us. i'm david the president and ceo market here at the u.s. chamber of commerce. the
in the morning former senators kent and jeff discuss the debt and deficit reduction. at 1:00 p.m. eastern the national immigration forum hold a news conference focusing on immigration legislation. speaker scheduled to include tom of the u.s. chamber of commerce and carlos. >>> he had been talking about this dream he had. he talked about it for years. the american dream then it become his dream. america will someday realize the principles and the decoration of independence. inhe was...
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Jan 20, 2013
01/13
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two issues that you put on the table that the present will be facing, immigration, the debt and deficit. >> that is absolutely true, these will be two big issues. on the gun-control issue, but no one is talking about taking everyone's guns away. they are talking about sensible, common-sense measures to prevent some of the tragic incidents we have seen recently, in newtown, aurora, colorado. i think there will be time to get into the thick of these issues after tomorrow, but tomorrow will be a chance for the president, really, to bring the country together and say we need to reach common ground on some of the major problem we face. >> you were inside the bush white house. the president put on the table two big domestic agenda items, immigration reform, primarily because his own party said no, and social security reform. >>what advice would you give president obama, based on the lessons that you saw firsthand with president bush? >> the advice i would give to him is you cannot go wrong by doing what you promised you would do, by pressing the agenda and you promised the voters you promised
two issues that you put on the table that the present will be facing, immigration, the debt and deficit. >> that is absolutely true, these will be two big issues. on the gun-control issue, but no one is talking about taking everyone's guns away. they are talking about sensible, common-sense measures to prevent some of the tragic incidents we have seen recently, in newtown, aurora, colorado. i think there will be time to get into the thick of these issues after tomorrow, but tomorrow will...
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Jan 15, 2013
01/13
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fiscal cliff, deficit, every single issue. the president's bills never go on the floor of the senate. there are bills that mcconnell agrees to before they reach the floor. because otherwise they can't proceed. one of these reforms that senator merkley talked about is just no more motion to proceed. the majority leader can put a bill on the floor. this is out of control. >> now, let me show you your union's advertising campaign against the filibuster. and let me just show you that first. then i want to ask a question. >> as climate change threatens the world we leave to our children and good u.s. jobs move overseas, time in the senate ticks by. it keeps ticking by with no results. because the system is broken. but we can fix it. and make the senate work for us again. >> people are stunned when they find out it was not majority vote. that one senator can just stop the process. is it your hope and the hope of cwa that when you do ads like this that the public will put pressure on their senators to reform this and just make it fai
fiscal cliff, deficit, every single issue. the president's bills never go on the floor of the senate. there are bills that mcconnell agrees to before they reach the floor. because otherwise they can't proceed. one of these reforms that senator merkley talked about is just no more motion to proceed. the majority leader can put a bill on the floor. this is out of control. >> now, let me show you your union's advertising campaign against the filibuster. and let me just show you that first....
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Jan 21, 2013
01/13
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let's not talk about the deficit. let's talk about gun control. these priorities are skewed. host: that was stated in the bronx, new york. we want to show you a video of harry -- talking about presidential artifacts. >> part of it is just about the enthusiasm. are meant to be days of national celebration and national unity. they are not always that way, but they are souvenirs' that .eople may create in the days of george washington, there were bronze buttons and pendants that people could buy things from --that people could buy. i particularly like this, a glass tray, sold on that day. it is to mimic a card. it has generally 20th, 1961, marking president kennedy costs of moving. moving.dy's the idea that people get license plates -- these are good for a day or a week. you can put them on the -- under cars. you are part of the celebration. go to the parade. this happens to be kennedy in 1961. you can watch the crowd up above for those of us who are a little bit shorter. we see these kinds of continuity, this ongoing, both the material and this expression of exuberance in a lot
let's not talk about the deficit. let's talk about gun control. these priorities are skewed. host: that was stated in the bronx, new york. we want to show you a video of harry -- talking about presidential artifacts. >> part of it is just about the enthusiasm. are meant to be days of national celebration and national unity. they are not always that way, but they are souvenirs' that .eople may create in the days of george washington, there were bronze buttons and pendants that people could...
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Jan 15, 2013
01/13
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and also deal with the trade deficits, but even more importantly, what do we do to create an environment where businesses can grow and we can expand economic development? because this is still a very, very fragile expansion, though it is a expansion from probably the deepest recession we've ever been in wince the depression. a lot of pent-up demand, so i think this debate is centered on the right thing, what do we do to create an environment where businesses can grow. >> if we need and if republicans argue that what needs to be done is to cut the deficit, they need to perhaps go into default, are you okay with that? ivities illustrates well again i think we need to look at that time it through the lens of economy development. anything to slow this expansion down would have very, very serious consequences to all of us. >> let me ask you about your announcement last week. you were going to hire engineers, computer programmers. last year you announced to add 12,000 jobs by 2015. given everything that's going on, how confident are you that you'll still be able to meet that goal? >> well, i t
and also deal with the trade deficits, but even more importantly, what do we do to create an environment where businesses can grow and we can expand economic development? because this is still a very, very fragile expansion, though it is a expansion from probably the deepest recession we've ever been in wince the depression. a lot of pent-up demand, so i think this debate is centered on the right thing, what do we do to create an environment where businesses can grow. >> if we need and if...
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612
Jan 21, 2013
01/13
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KGO
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we must make the hard choices to reduce the cost of health care and the size of our deficit. but we reject the belief that america must choose between caring for the generation that built this country and investing in the generation that will build its future. [ cheers ] for we remember the lessons of our past when twilight years were spent in poverty and parents of a child with a disability had nowhere to turn. we do not believe that in this country freedom is reserved for the lucky or happiness for the few. we rec noise that no matter how responsibly we live our lives, any one of us at any time may face a job loss or a sudden illness or a home swept away in a terrible storm. the commitments we make to each other through medicare and medicaid and social security, these do not staff our initiative, they strengthen us. they do not make us a nation of takers. they free us to take the risks that make this country great. [ cheers and applause ] we, the people, still believe that our obligations as americans are not just to ourselves but to all posterity. we will respond to the th
we must make the hard choices to reduce the cost of health care and the size of our deficit. but we reject the belief that america must choose between caring for the generation that built this country and investing in the generation that will build its future. [ cheers ] for we remember the lessons of our past when twilight years were spent in poverty and parents of a child with a disability had nowhere to turn. we do not believe that in this country freedom is reserved for the lucky or...
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Jan 21, 2013
01/13
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the deficit solving the committee's to read our committees like that effective? simpson-bowles. >> guest: the greatest mistake the president made is not embracing taylor branch tiemann it cannot today. we wouldn't be here today have you taken the simpson-bowles framework although there was a lot that i didn't like i voted to move it so that we would have the debate two years ago, two plus years ago had we had the debate and actually put something on the floor we would have seen something passed. we would have allowed the legislative process we are not allowing the legislative process to work. there's 25 bills that have come out of the house that won't see the light of day and a set for political reasons, not because they don't address problems for the country but so what we still have is people paying politics and how does that impact of the election and how we live while the barn is burning down. .. we have an hour and a half left in our program and we will continue in just a moment. ♪ >> host: senator coburn coming up on our afterwards the program. he's going
the deficit solving the committee's to read our committees like that effective? simpson-bowles. >> guest: the greatest mistake the president made is not embracing taylor branch tiemann it cannot today. we wouldn't be here today have you taken the simpson-bowles framework although there was a lot that i didn't like i voted to move it so that we would have the debate two years ago, two plus years ago had we had the debate and actually put something on the floor we would have seen something...
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Jan 18, 2013
01/13
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mercer came up with similar results, 557 record billion dollars deficits in the s&p 1500. and what we're talking about is what's going to happen down the road. investors are going to see these weird bookkeeping charges that are just paper charges, not cash charges just yet meaning they are going to be tossing their own company stock in there to do whatever they can to pay for the returns that are underperforming in their pension plans. i have to tell you something, these companies, do you know who they are blaming? the federal reserve. they are blaming low interest rate policies for ruining their expected rates of return so when they don't come up with the returns they expected, they have these shortfalls, right liz? a little controversy going on. >> calpers is doing pretty darn well. that's a big pension. they have finally gotten back to where they were before the crisis. there's a lot of blaming going on. you look at the super smart money out there, somebody is doing well. >> the liability side of the balance sheet that's when you see the underfunding problems, that's wh
mercer came up with similar results, 557 record billion dollars deficits in the s&p 1500. and what we're talking about is what's going to happen down the road. investors are going to see these weird bookkeeping charges that are just paper charges, not cash charges just yet meaning they are going to be tossing their own company stock in there to do whatever they can to pay for the returns that are underperforming in their pension plans. i have to tell you something, these companies, do you...
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Jan 15, 2013
01/13
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he is absolutely prepared to continue to negotiate ways to reduce our budget deficit and that's exactly what we should be doing but we shouldn't be doing it under the threat, the republican threat, of tanking the economy by undermining the full faith and credit of the united states government. we have never done that in the history of this republic and we shouldn't start doing it now. >> all right. congressman van hollen, always a pleasure to speak with you. thank you, sir. >> likewise. >>> the house will vote on the massive hurricane sandy bill and things are heated on the house floor today. >> we are asking, we are pleading and we shouldn't have to beg for money for the northeast to be able to survive. >> but some republicans say they will vote against the bill despite calls from members in their own party to get it done. >>> but first, today's money minute. here's a look at wall street. you see there, the dow down slightly. we'll be right back. [ man ] i've been out there most of my life. you name it...i've hooked it. but there's one... one that's always eluded me. thought i had it i
he is absolutely prepared to continue to negotiate ways to reduce our budget deficit and that's exactly what we should be doing but we shouldn't be doing it under the threat, the republican threat, of tanking the economy by undermining the full faith and credit of the united states government. we have never done that in the history of this republic and we shouldn't start doing it now. >> all right. congressman van hollen, always a pleasure to speak with you. thank you, sir. >>...
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Jan 21, 2013
01/13
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KNTV
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we have record deficits and debts. we still have relatively low economic growth. we have to get together to solve these problems. we can't do it alone. >> thank you, senator portman. always good to see you, sir. >> kelly, while you were talking to the senator, a great tetatet between bill clinton and paul ryan. former president clinton now talking to john dingle and paul ryan has moved over to a different group, including treasury secretary designate jack lew. this is one of the grat teat tableaus. >> the president would not hesitate to get into a meaty budget issue. but bill clinton warned democrats over the weekend, don't diminish the gun culture in this country. he wants to influence democratic thought some some of the big decisions that are made. >> and savannah, this is the day you can have these conversations. >> no doubt about it. if you're a political junky and you're watching right now, you probably fall into that category to some degree. it's a who's who, a mixing and mingling of these folks in washington who are so royceble. the only thing i can complai
we have record deficits and debts. we still have relatively low economic growth. we have to get together to solve these problems. we can't do it alone. >> thank you, senator portman. always good to see you, sir. >> kelly, while you were talking to the senator, a great tetatet between bill clinton and paul ryan. former president clinton now talking to john dingle and paul ryan has moved over to a different group, including treasury secretary designate jack lew. this is one of the...
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Jan 14, 2013
01/13
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we cannot afford a $4 billion a day deficit and trillion dollar plus deficits every single year. we just cannot afford it. so it requires thoughtfulness and it requires that we are going to have a plan to work through this. i think that that's where we as republicans are headed. >> congresswoman marsha blackburn, thank you for taking the time to talk to us. michael, let me get back to you in this meeting that speaker boehner is going to be having and convince that he's going to have to do to conservative members of his party. how tough a sell job? >> i think it's tough. one reason it's tough, i was struck by the congresswoman's comments. i think there is fundamental disagreement about what it would mean not to just have a clean raising of the debt ceiling. so, in other words, if i heard the congresswoman correctly, i think she was reflecting a sense among some people that you could shut down the government, stop paying some bills, pay other bills, pay interest on the debt, for instance, and we could kind of get through it that way. i think a lot of -- a lot of other republicans,
we cannot afford a $4 billion a day deficit and trillion dollar plus deficits every single year. we just cannot afford it. so it requires thoughtfulness and it requires that we are going to have a plan to work through this. i think that that's where we as republicans are headed. >> congresswoman marsha blackburn, thank you for taking the time to talk to us. michael, let me get back to you in this meeting that speaker boehner is going to be having and convince that he's going to have to do...
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Jan 21, 2013
01/13
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again, everyone wants deficit reduction. they do not want debt pour on. >> do you believe there is still an appetite to cut spending? this is a walkway that will connect the white house and the reviewing stand and the motorcade is going to the south side of the white house behind the white house, and the back of this building right now and they go to the white house to this walkway just to get to this reviewing stand. you are looking at there and seeing what, robert? it seems like more gamesmanship in both sides with a brief window. >> the economy is better, that is clear. housing is coming back. there is alignment between the business community and the priorities of the executive office. immigration reform. education. corporate tax reform. we need the other things we mentioned, the debt ceiling happened first. otherwise, this is going to be an uncertain year. >> why didn't you get picked if treasury? ing in against jack lew but they need guys like you. >> i am very flattered. fox should start a campaign for me. very flatter
again, everyone wants deficit reduction. they do not want debt pour on. >> do you believe there is still an appetite to cut spending? this is a walkway that will connect the white house and the reviewing stand and the motorcade is going to the south side of the white house behind the white house, and the back of this building right now and they go to the white house to this walkway just to get to this reviewing stand. you are looking at there and seeing what, robert? it seems like more...
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Jan 15, 2013
01/13
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KRCB
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articulated as well as he could v but i think he is clearly indicated that if you are looking for more deficit reduction, a bigger deal, not a big deal, he's willing to go pretty far for a democrat on entitlements. >> i think the president is laying out some rather tough negotiating territory or maybe nonnegotiating territory ght now to see where republicans in congress are willing to do, and if they will budge a little bit. right now it seems like we are both testing whether each side intend toth budge. we've been through that process many times here in the obama presidenciment looks like another round as well. >> rose: and for most of this hour conversation with the foreign minister of pakistan hina rabbani khar. >> i think pakistan today presents a country which is very clear notice head how it operate with its neighbors and that is to try and build on the trust and then build that trust enough to be able to build a environment in i we can take care of the disputes we have on the dialogue table rather than through military statements and through military actions. >> rose: its president's la
articulated as well as he could v but i think he is clearly indicated that if you are looking for more deficit reduction, a bigger deal, not a big deal, he's willing to go pretty far for a democrat on entitlements. >> i think the president is laying out some rather tough negotiating territory or maybe nonnegotiating territory ght now to see where republicans in congress are willing to do, and if they will budge a little bit. right now it seems like we are both testing whether each side...
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Jan 21, 2013
01/13
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KPIX
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fixing the budget deficit, the federal budget was the most important to 13%. only 5% thought tax reform was important. and you may be looking at this poll and thinking, well, what happened to the war in afghanistan? well, there it is, it comes in at 4%, health care at 5% ending the war in afghanistan the most important priority for only 4% of the american people. but we should not ever forget that as we sit here today approximately 60,000 americans are fighting in afghanistan. the president is drawing those troops down but we have a long way to go yet in that war that is now more than ten years old. john dickerson our cbs news political director, he's down on the national mall, john, you see that 35% by far the largest majority of people in our poll think the president needs to be working on the economy. >> that's still the single most important issue for the president, much further down or much smaller percentage want them work on the deficit. really the deficit and getting the budget picture in order, ending these endless confrontations over the budget will
fixing the budget deficit, the federal budget was the most important to 13%. only 5% thought tax reform was important. and you may be looking at this poll and thinking, well, what happened to the war in afghanistan? well, there it is, it comes in at 4%, health care at 5% ending the war in afghanistan the most important priority for only 4% of the american people. but we should not ever forget that as we sit here today approximately 60,000 americans are fighting in afghanistan. the president is...
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Jan 15, 2013
01/13
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KQED
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difficult to get votes in congress to pass a debt ceiling, has often been accompanied by fiscal or deficit reduction measures. back in the '80s, the '90s and even in president's presidency himself he has signed four laws raising debt ceiling. three were tied to some sort of fiscal management, legislation itself. but the president now says i'm tired of negotiating all those things, raised the debt ceiling and then i will get on with other conversations with you about dealing with the sequester, the across-the-board spending cuts and other budget related issues. but not until you take care of the debt ceiling and get that off the table. that was the president's principal message today and he got a lot of conversation about why not negotiate. he said he's to the going to. we'll leave it there at least for the time being. >> rose: what will the republicans do, will they shut down the government. >> no, not over the debt ceiling. they may over the continuing resolution this is not their best vehicle. my guess is what they will probably have to do is give him a short-term extension. and then see
difficult to get votes in congress to pass a debt ceiling, has often been accompanied by fiscal or deficit reduction measures. back in the '80s, the '90s and even in president's presidency himself he has signed four laws raising debt ceiling. three were tied to some sort of fiscal management, legislation itself. but the president now says i'm tired of negotiating all those things, raised the debt ceiling and then i will get on with other conversations with you about dealing with the sequester,...
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Jan 17, 2013
01/13
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FBC
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free marketeers or free thinkers not to educate the young people about the bills, we cannot cut the deficit or debt at all. neil: very well put. the mr. moore stuff i could do without, but well put. thank you very much. >> thank you, neil. >> thank you. neil: louisiana,mented - want to cut the state incomes tax, and now nebraska's governor state's income tax. what's happening here? what nebraska governor hopes signals politicians are seeing the light, and then, drones are seen just about everything you do. they are in the air. they are under the sea. they are drowning out your privacy everywhere. ♪ [ male announcer ] now many humana medicare plans come with a little extra help in the kitchen. in a first of its kind partnership with walmart, humana medicare plans now include 5% savings on great for you healthier foods at walmart! it's part of the vitality healthyfood program... and one more way humana medicare can help you choose what's good for your health and your wallet. so you can spend a little less money... and spend a little more time sharing what you know with the people who matter
free marketeers or free thinkers not to educate the young people about the bills, we cannot cut the deficit or debt at all. neil: very well put. the mr. moore stuff i could do without, but well put. thank you very much. >> thank you, neil. >> thank you. neil: louisiana,mented - want to cut the state incomes tax, and now nebraska's governor state's income tax. what's happening here? what nebraska governor hopes signals politicians are seeing the light, and then, drones are seen just...
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Jan 21, 2013
01/13
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KTVU
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or the deficit. but, if we can save one life through action, we can do it. we think we can get the votes in the senate -- >> assault weapons? >> the president put forward a variety of things, assault weapons and high capacity magazines an universal background checks and mental health. school safety. so, we think there is support for a lot of these things and we'll push as hard as we can. >> chris: finally, less and a minute left, most of obamacare goes into effect at the end of this year, beginning of next year. states are having problems, already, putting the exchanges into effect and insurance companies an employers are having problems. is there any chance the president will say, let's slow down and delay the january 1st, 2014 kick-in of a lot of the stuff and allow people more time to implement it? >> no. no, i think -- no. but hhsr, health department is working with employers and states to be flexible and making sure we work with them very closely. >> chris: january 1st, 2014? >> no, i think that -- the implementation of health care, even though it is a
or the deficit. but, if we can save one life through action, we can do it. we think we can get the votes in the senate -- >> assault weapons? >> the president put forward a variety of things, assault weapons and high capacity magazines an universal background checks and mental health. school safety. so, we think there is support for a lot of these things and we'll push as hard as we can. >> chris: finally, less and a minute left, most of obamacare goes into effect at the end...
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Jan 20, 2013
01/13
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CNNW
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reforming immigration, reducing the deficit gun control, averting climate change, maybe iran's nuclear program. certainly you get a sense it's going to be mainly domestic. certainly if you're looking at the tick box in the first four years, i would say killing bin laden, killing gadhafi, the american help to the arab spring, although it's not without difficulty, pulling troops in iraq and setting a timetable for afghanistan, these have all been a seen that president obama would rather focus on domestic issues rather than foreign issues. >> i think that's true. and i think you see that when he takes the bully pulpit. he doesn't go out and speak well. they' had several blunders on foreign policy issues. the most recent one is a failure for america to retaliate in some meaningful or symbolic way on the death of an american ambassador in benghazi. >> interesting point. the george bush administration would have piled in there, blown things to pieces and exacted terrible retribution. that's the american way for a long time. is that the right way? would that created, however awful the inciden
reforming immigration, reducing the deficit gun control, averting climate change, maybe iran's nuclear program. certainly you get a sense it's going to be mainly domestic. certainly if you're looking at the tick box in the first four years, i would say killing bin laden, killing gadhafi, the american help to the arab spring, although it's not without difficulty, pulling troops in iraq and setting a timetable for afghanistan, these have all been a seen that president obama would rather focus on...